Every year in healthcare over the last decade has been nothing short of exciting. But 2014 is in particular going to be the most ground breaking one for the healthcare industry. Physicians can look forward to maximizing their reimbursements rates with regulation adherence or can face serious penalties and risk of medical audit due to […]
The healthcare industry has been continually evolving over the last decade with EMR reforms, Medicare inclusion, pay-for-performance reimbursement standards and ICD 10 coding changes. But there is one change that has been repeatedly causing government and care providers to worry about reimbursement rates and growth of their practices. The Balanced Budget Act of ’97 introduced […]
The medical field is rapidly evolving and subsequently has regular advances in medical billing and coding procedures. Even though your medical practice might be using the latest RCM and ICD codes it can be caught unawares of these changes. The relevant numerical code must be assigned to a specific procedure or treatment carried out enabling […]
The importance of keeping abreast with the rapidly changing medical coding and billing practices cannot be emphasized enough as Gastroenterology is a rapidly growing area of patient care. Every day new and detailed surgical procedures and relevant codes are added to the ever-growing list of gastroenterology practices. It is paramount to avoid the dreaded audit […]
ICD-10 is all set to increase pressure on medical practices that are already dealing with challenges related to EHR, HIPAA, meaningful use and interoperability. Even though ICD-10 will pave the way for accuracy in new procedure payments, improved patient care and administrative performance, it will also cause coding problems and other challenges which will affect […]
ICD-10 will be reshaping the coding and documentation procedure to a great extent and failing to prepare for the same will result in lost revenue. Poor quality documentation and coding will not just affect providers but it will also have a negative impact on payers and patients. One of the best ways to start preparing […]
Medical billing has become a challenging task for OB/GYN practices. Complexities have started taking a toll on revenue generation because multiple codes, rules and phases involved in OB/GYN practices are difficult to understand and handle amidst time constraint. Since providers cater to patients belonging to different medical, insurance and demographic specifics, special attention is required […]
Many will tell that gynecology has benefited from being part of OBGYN as it helps gynecology to operate closely with obstetrics, a natural partner when it comes to pregnancy. But gynecologists may argue that while it may be true from a medical standpoint, when seen from a financial point of view, one can get a […]
Healthcare reforms have not changed the goals and responsibilities for physicians but it has certainly increased medical billing and coding complexities. Significant changes like HIPAA, EMR and ICD-10 have imposed additional responsibilities on small as well as large practices, which has been elaborated further- Reforms in HIPAA have increased privacy requirements. The compulsory implementation of […]
Accurate coding is vital for all medical practices as it is the main source of reimbursement. It not only reduces claim denials and increases revenue; but also plays a significant role in insurance assessments. Coding is an irreversible process that decides whether or not your practice will get paid for the services offered. Error-free coding […]
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